- USDJPY to reverse back lower to 130 in 12 months – Danske Bank
Market news
15 November 2022
USDJPY to reverse back lower to 130 in 12 months – Danske Bank
Economists at Danske Bank expect USDJPY to inch higher in the next few months but expect the pair to turn back lower in the long-run.
Pressure on JPY will wear off
“The key driver of USDJPY remains the global inflation outlook and US treasury yields.”
“With the US labour market still in good shape, we are not convinced global inflation pressures are yet turning and thus, in the short run, JPY headwinds will remain in place. Looking further ahead, we do expect the pressure on JPY will wear off.”
“We forecast the cross at 143 (1M), 144 (3M), 139 (6M) and 130 (12M).”
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page